Zillow Advice RSS: Question-Discussion-Guide,FHA and VA Loans,GA http://www.zillow.com/advice/GA/mortgage-fha-and-va-loans/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate 580 Credit Score ... any hope for VA Loan in Georgia??? Looking to buy ASAP http://www.zillow.com/advice-thread/580-Credit-Score-any-hope-for-VA-Loan-in-Georgia-Looking-to-buy-ASAP/535690/ <div class="comment-body rich-content clearfix">I am trying to purchase a home for myself and my daughter. Tired of renting and moving every year. My credit score is in the 580 range.&nbsp; I live in Georgia.&nbsp; Any hope of us finding a lender? &nbsp;Particularly with the VA as I am a Marine Corps Veteran and looking for a loan with little down. I mainly have bad credit due to no/little new credit and late payments on older stuff. No foreclosures, no bankruptcies. I am looking to buy a home ASAP. Thanks for your help :)</div><br \><br \>6 replies Tue, 08 Apr 2014 23:04:00 GMT http://www.zillow.com/advice-thread/580-Credit-Score-any-hope-for-VA-Loan-in-Georgia-Looking-to-buy-ASAP/535690/ 2014-04-08T23:04:00Z My wife and I had a home repossesion 4 years ago, can we get a VA mortgage? http://www.zillow.com/advice-thread/My-wife-and-I-had-a-home-repossesion-4-years-ago-can-we-get-a-VA-mortgage/525173/ We had the repo take place while we were waiting on the short sale answer from Chase Mortgage.&nbsp; We did receive money from the Chase settlement with the government but we still have it on our&nbsp;credit record.&nbsp; There is absolutely no other&nbsp;blemish on mine or my wife's credit.&nbsp; I am a retired 65 year old Army veteran and I still work for&nbsp;the Federal Emergency Management Agency and my wife works for&nbsp;in the HR department for the Harris County School Board, GA.&nbsp; Can we qualify for a VA home loan or any other type?&nbsp;&nbsp;<br \><br \>9 replies Mon, 20 Jan 2014 20:39:00 GMT http://www.zillow.com/advice-thread/My-wife-and-I-had-a-home-repossesion-4-years-ago-can-we-get-a-VA-mortgage/525173/ 2014-01-20T20:39:00Z FHA Back to Work Lenders in GA? http://www.zillow.com/advice-thread/FHA-Back-to-Work-Lenders-in-GA/515674/ Hi, Does anyone know of any lenders that are doing FHA Back to Work in Georgia? I am looking to buy in Gwinnett County. My short sale was 18 months ago. Thanks!<br \><br \>7 replies Thu, 17 Oct 2013 17:38:00 GMT http://www.zillow.com/advice-thread/FHA-Back-to-Work-Lenders-in-GA/515674/ 2013-10-17T17:38:00Z How do I find a mortgage? I know they are out there. http://www.zillow.com/advice-thread/How-do-I-find-a-mortgage-I-know-they-are-out-there/529730/ MY wife and I recently moved into a house with our 3 year old son. we were working with a big bank that said we could get financed then came back and said&nbsp; they couldnt help up because the finance amount was too low. we are now struggling to find a mortgage because MY credit score is too low and no matter what I do i cannot bring it up. we will lose the house and the money we have in escrow if we do not get financed soon. is there anyone out there willing to help ?<br \><br \>4 replies Mon, 24 Feb 2014 12:25:00 GMT http://www.zillow.com/advice-thread/How-do-I-find-a-mortgage-I-know-they-are-out-there/529730/ 2014-02-24T12:25:00Z What can I do to get more (or better) quotes for my loan request ZR-WZXYTZW? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-WZXYTZW/528825/ 8 replies Mon, 17 Feb 2014 23:07:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-WZXYTZW/528825/ 2014-02-17T23:07:00Z How can I find out which condo communities allow fha loans? http://www.zillow.com/advice-thread/How-can-I-find-out-which-condo-communities-allow-fha-loans/527124/ I'm a first time home buyer and I honestly think that an FHA loan is the best way to go for me as I do not have funds to make a 20% down payment on anything.<br \><br \>9 replies Tue, 04 Feb 2014 16:24:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-out-which-condo-communities-allow-fha-loans/527124/ 2014-02-04T16:24:00Z my husband and i are recently recovering from a bankruptcy. http://www.zillow.com/advice-thread/my-husband-and-i-are-recently-recovering-from-a-bankruptcy/522707/ we are eligable to purchase a home in February, using an FHA loan. do you have any tips for us&nbsp;<br \><br \>6 replies Sun, 29 Dec 2013 19:34:00 GMT http://www.zillow.com/advice-thread/my-husband-and-i-are-recently-recovering-from-a-bankruptcy/522707/ 2013-12-29T19:34:00Z Can we get a Renovation Loan folded into our VA loan in Georgia? http://www.zillow.com/advice-thread/Can-we-get-a-Renovation-Loan-folded-into-our-VA-loan-in-Georgia/523982/ We are looking at a house that we could purchase (approx $140k) with enough in our monthly budget to pay for a loan to do add some much desired renovations - approximately $4k (not for energy efficiency improvement) but for a kitchen renovation and the removal of a wall separating a small den and a small living room/dining area and new flooring. I am VA eligible and don't want to layout $6k for the other loan option at 3.5%. Are there any other options for loans while using the VA eligibility?<br \><br \>7 replies Fri, 10 Jan 2014 16:21:00 GMT http://www.zillow.com/advice-thread/Can-we-get-a-Renovation-Loan-folded-into-our-VA-loan-in-Georgia/523982/ 2014-01-10T16:21:00Z Spouses debit considered http://www.zillow.com/advice-thread/Spouses-debit-considered/523941/ We are moving back to Georgia in the spring it is not a community property state. I am entering for the FHA loan by myself have a great debit to income ratio with a great income. Will the mortage companies still consider my husbands debt for the loan?<br \><br \>10 replies Fri, 10 Jan 2014 02:25:00 GMT http://www.zillow.com/advice-thread/Spouses-debit-considered/523941/ 2014-01-10T02:25:00Z FHA on manufactured home? http://www.zillow.com/advice-thread/FHA-on-manufactured-home/520608/ I am looking for a lender who does FHA on manufactured home (pre existing) on a permanent foundation. Live in Ga. HUD foreclosure and won the bid, signed the contract, put down earnest money. I'm not 100% happy with the broker we are working with. Any referrals?<br \><br \>4 replies Mon, 02 Dec 2013 22:26:00 GMT http://www.zillow.com/advice-thread/FHA-on-manufactured-home/520608/ 2013-12-02T22:26:00Z FHA Gift Funds http://www.zillow.com/advice-thread/FHA-Gift-Funds/518890/ I am buying a home with an FHA loan. I had some mattress money that I didn't have a paper trail for. I had my best friend become a "donor", and she transferred funds from her AMEX savings to WF Savings to WF checking. She wrote me a check that said gift funds, and deposited it into my account. One week later I deposited my mattress money into her WF savings. I told her not to put it back into AMEX, but she did anyway, less $500. The money that she deposited in my account from AMEX was always there, and it is documented. My problem is will they question the large deposit that she made back into AMEX? Will they require proof of where it came from?<br \><br \>18 replies Wed, 13 Nov 2013 17:58:00 GMT http://www.zillow.com/advice-thread/FHA-Gift-Funds/518890/ 2013-11-13T17:58:00Z Credit score question http://www.zillow.com/advice-thread/Credit-score-question/508930/ t<br \><br \>2 replies Wed, 28 Aug 2013 04:43:00 GMT http://www.zillow.com/advice-thread/Credit-score-question/508930/ 2013-08-28T04:43:00Z Refinancing VA Loan http://www.zillow.com/advice-thread/Refinancing-VA-Loan/473128/ I have a 6.25% interest rate on a 30yr fixed for $180,000. Is it worth refinancing to save on monthly mortgage payments? I pay an extra $500 a month to cover the mortgage my renters don't pay. Thanks<br \><br \>8 replies Fri, 04 Jan 2013 18:58:00 GMT http://www.zillow.com/advice-thread/Refinancing-VA-Loan/473128/ 2013-01-04T18:58:00Z PMI http://www.zillow.com/advice-thread/PMI/516538/ My daughter purchased a home from foreclosure in 2006 for 129,000.00 with 5,000 down financing 126,000 with sun trust&nbsp; with a rate of 5.875%&nbsp;&nbsp; She is in process of refi of 110.00.00 for 30 yrs at 4.375% no closing&nbsp; costs at Sun Trust&nbsp;with no Apprasial &nbsp;Does she get Refund on previous PMI and must she have PMI on new loan? Are their any other details we should be looking at? She lives in Atlanta Georgia In a depressed housing area<br \><br \>3 replies Thu, 24 Oct 2013 16:37:00 GMT http://www.zillow.com/advice-thread/PMI/516538/ 2013-10-24T16:37:00Z I am looking for a lender in GA.... http://www.zillow.com/advice-thread/I-am-looking-for-a-lender-in-GA/516115/ who specializes in getting couples approved for mortgages with credit scores of 580 &amp; 620.<br/><br/>My fiance and I have good jobs and make good money, we just made some poor choices in the past. His credit and credit score is better/highter than mine so we are willing to try with just him.<br/><br/>Any information will be greatly appreciated.<br \><br \>4 replies Mon, 21 Oct 2013 17:30:00 GMT http://www.zillow.com/advice-thread/I-am-looking-for-a-lender-in-GA/516115/ 2013-10-21T17:30:00Z How long have I had to be working to be approved for a fha loan? http://www.zillow.com/advice-thread/How-long-have-I-had-to-be-working-to-be-approved-for-a-fha-loan/515011/ I used to be in school, so I lived off my student loans basically. I now have a stable job but I haven't been working long. I also get a base pay plus commission? Can I be approved for a loan or not?<br \><br \>5 replies Sat, 12 Oct 2013 05:17:00 GMT http://www.zillow.com/advice-thread/How-long-have-I-had-to-be-working-to-be-approved-for-a-fha-loan/515011/ 2013-10-12T05:17:00Z Will one late rental payment effect my fha loan decision? http://www.zillow.com/advice-thread/Will-one-late-rental-payment-effect-my-fha-loan-decision/513433/ Looking to purchase my first home within the next 6-8months, and was wondering because I paid my rent a couple of days late within the last 12 months&nbsp;will it cause my fha loan to be declined?<br \><br \>4 replies Sun, 29 Sep 2013 17:06:00 GMT http://www.zillow.com/advice-thread/Will-one-late-rental-payment-effect-my-fha-loan-decision/513433/ 2013-09-29T17:06:00Z I'm purchasing a hud mobile home and having difficulty finding a 203k lender help http://www.zillow.com/advice-thread/I%27m-purchasing-a-hud-mobile-home-and-having-difficulty-finding-a-203k-lender-help/512790/ Its a hud mobile home only needing a stove. We have had difficulty trying toget financed due to HUD and due to 203k and it being a mobile home. Any suggestions or references for financing<br \><br \>3 replies Wed, 25 Sep 2013 01:21:00 GMT http://www.zillow.com/advice-thread/I%27m-purchasing-a-hud-mobile-home-and-having-difficulty-finding-a-203k-lender-help/512790/ 2013-09-25T01:21:00Z Overstated MIP on GFE for streamline refinance... http://www.zillow.com/advice-thread/Overstated-MIP-on-GFE-for-streamline-refinance/511956/ <p>Hi,<br/><br/>I am trying to do a FHA streamline refinance with a bank.&nbsp; I just received my GFE and the lender listed my MIP as $3,526 which is incorrect as my loan closed on 9/30/08 and I'm sure was endorsed prior to May 2009.<br/><br/>The issue that I have is that he won't redisclose or change the GFE.&nbsp; He says that the higher upfront MIP must remain until the bank can verify my endorsement date which won't occur until next week after I sign the application documents and pay a $399 app fee.<br/><br/>Does this sound reasonable?&nbsp; I feel that I shouldn't sign anything until this is correct but realize that the settlement can change once loan is processed.&nbsp; I was burned with a bad GFE when originally purchasing my home and don't want to go through this again.&nbsp; Details of my loan are below.&nbsp; Thanks in advance for any help/advice you can give.<br/><br/>Initial Loan Amount:&nbsp; $201,500<br/>Loan: 30 yr. Fixed<br/>Rate: 4.75% (641 score)<br/>Initial monthly + mortgage insurance: $1,251<br/><br/>Origination: $1,214<br/>Credit: -$5,289<br/>Charges for Settlement:&nbsp; Total $7,769<br/><br/>MIP: $3,526<br/>Title: $1,144<br/>Escrow: $2,229<br/>Other: ~$870<br/><br/>Total Settlement:&nbsp; $3,694<br/></p><br \><br \>9 replies Thu, 19 Sep 2013 08:08:00 GMT http://www.zillow.com/advice-thread/Overstated-MIP-on-GFE-for-streamline-refinance/511956/ 2013-09-19T08:08:00Z Could I qualify for a VA or FHA loan? http://www.zillow.com/advice-thread/Could-I-qualify-for-a-VA-or-FHA-loan/509306/ I already have a house across the country (FHA) that has at least 30% equity rental income is 1100, mortgage is 650.<br/>My husband is active duty and makes 3200 a month gross pay.<br/>but our monthly debt not including the mortgage is about 650, and I know you have to include the old mortgage in the debt. I don't think I can qualify for a va loan because my Debt to income is too close to the 41% not including what the new house payment.<br/>Don't have much for a down payment either<br/>would I qualify for a VA or FHA loan?<br \><br \>9 replies Fri, 30 Aug 2013 18:06:00 GMT http://www.zillow.com/advice-thread/Could-I-qualify-for-a-VA-or-FHA-loan/509306/ 2013-08-30T18:06:00Z